When you open your bank account you get a series of products that will be very useful to mobilize the money obtained; However, when using an ATM with your debit card, it is possible that it will generate some advantages and disadvantages.
In this sense, here we tell you everything you need to know about ATMs regarding the use of your debit card; in addition to what has become necessary for everyone, since you can acquire the cash you require in an easy and practical way.
Remember that the debit card is a financial instrument issued by a bank, which is associated with your accounts; In addition, when making payments, the corresponding charge will be made from the funds or money you have , and if it is not available, then it is impossible to make the purchase.
Although it is true, you can withdraw money from the ATM with your Visa or Mastercard credit card , also with debit, since they are programmed to work with keys, associated with each client or user , which will allow you to withdraw the cash as long as you have data that it requests.
Advantages of using an ATM with your debit card
When using ATMs with debit cards, you have multiple advantages that we show you below, taking as a premise that in principle the main mission is to facilitate procedures; in addition to looking for a way to improve every day the services that the various banking entities offer their clients.
Balance inquiry
By using your debit card at an ATM you can check the balance you have in your accounts, without having to enter the bank’s online page; Since it may happen that you are waiting to receive money and you do not have wifi or signal to access the internet.
Withdrawal of money
You can make a cash withdrawal at any time , such as if you are in a store where checks or other types of payment do not accept, as long as you have an ATM you will have the money you require and make your purchases without problem or drawbacks.
Easy use
There are many reasons why a transaction with a credit or debit card is rejected ; However, when using them in an ATM, you only have to enter your data correctly, it is not even necessary for you to go, you can ask a family member for support.
Disadvantages of using an ATM with your debit card
Just as using your debit cards has great advantages and benefits; its use in ATMs also brings with it some disadvantages. That is why you are going to have in detail what they are, so that you can consider how often or not you should use them.
Low security
Because of how easy it is to use an ATM with your debit card, you only need to have some information, it is very simple that in case of robbery or theft another person can withdraw the money you have ; since it does not require the presence of the owner as if you were doing it inside the bank.
Low of privacity
Withdrawing cash from an ATM is not as private as doing it at the bank; This is because it is possible to find any stranger in line who wants to obtain your personal information; In this sense, you will have to be alert that they cannot visualize your data.
Rates
For using your card at an ATM, any financial institution will charge a commission, especially if it is not from your issuing bank; Due to this, you will have to pay for its use , generating an expense that will be reflected in the amount available.
There are so many financial products on the market that you can use and withdraw cash from an ATM, you only have to evaluate the advantages or disadvantages they have, also if you are interested in having an exclusive product, it is necessary to consider the requirements to obtain a Mastercard Black credit card .
